Fidelity High Dividend ETF (NYSEARCA:FDVV) Sees Significant Increase in Short Interest

Fidelity High Dividend ETF (NYSEARCA:FDVV) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 445,335 shares, a growth of 108.8% from the July 30th total of 213,305 shares. Based on an average daily volume of 803,070 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HORAN Wealth LLC acquired a new position in shares of Fidelity High Dividend ETF during the second quarter worth approximately $220,000. Ameritas Advisory Services LLC grew its stake in Fidelity High Dividend ETF by 300.0% in the second quarter. Ameritas Advisory Services LLC now owns 57,998 shares of the company’s stock valued at $3,497,000 after acquiring an additional 43,500 shares during the period. PCG Wealth Advisors LLC grew its position in shares of Fidelity High Dividend ETF by 0.5% in the 2nd quarter. PCG Wealth Advisors LLC now owns 182,800 shares of the company’s stock valued at $11,021,000 after purchasing an additional 902 shares during the period. HB Wealth Management LLC acquired a new position in shares of Fidelity High Dividend ETF in the second quarter valued at approximately $829,000. Finally, Nvest Financial LLC bought a new position in Fidelity High Dividend ETF during the 2nd quarter worth about $293,000.

Fidelity High Dividend ETF Price Performance

Shares of Fidelity High Dividend ETF stock opened at $63.22 on Monday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 17.18 and a beta of 0.86. Fidelity High Dividend ETF has a 12-month low of $53.77 and a 12-month high of $64.54. The company has a 50-day simple moving average of $62.43 and a 200 day simple moving average of $59.95.

About Fidelity High Dividend ETF

The Fidelity High Dividend ETF (FDVV) is an exchange-traded fund that is based on the Fidelity High Dividend index. The fund tracks an index of large- and mid-cap companies that exhibit positive dividend characteristics, with overweights to sectors that exhibit higher dividend yield. FDVV was launched on Sep 12, 2016 and is managed by Fidelity.